| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NDLS | Class A Common Stock, $0.01 par value | Exercise of in-the-money or at-the-money derivative security | $9.5K | +1.9K | +0.08% | $5.00 | 2.25M | Oct 20, 2023 | Direct | F1 |
| holding | NDLS | Class A Common Stock, $0.01 par value | 4.7M | Oct 20, 2023 | See footnote | F2 | |||||
| holding | NDLS | Class A Common Stock, $0.01 par value | 52K | Oct 20, 2023 | See footnote | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NDLS | Put Option (obligation to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | -19 | -100% | $0.00* | 0 | Oct 20, 2023 | Class A Common Stock | 1.9K | $5.00 | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | The shares reported are directly held by Mill Road Capital III, L.P. ("Fund III"). Mr. Lynch is a management committee director of Mill Road Capital III GP LLC, which is the sole general partner of Fund III and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of Fund III. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
| F2 | The shares reported are directly held by Mill Road Capital II, L.P. ("Fund II"). Mr. Lynch is a management committee director of Mill Road Capital II GP LLC, which is the sole general partner of Fund II and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of Fund II. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
| F3 | Represents restricted stock units (or shares issued upon the vesting thereof) granted by the issuer as director compensation, in which the Reporting Persons may have an indirect pecuniary interest. Mill Road Capital Management, LLC, an affiliate of the Reporting Persons that does not have Section 13(d) beneficial ownership of any securities of the issuer, has the right to receive the economic benefit of the reported shares pursuant to a contractual obligation with the holder of such shares. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any. |
| F4 | Each put option became exercisable on the date purchased, which dates range from 03/09/2023 to 03/13/2023. |